Koreans sell shares of Tesla electric vehicles to invest in cryptocurrency companies.
According to Bloomberg reports, in August 2025, residents of South Korea got rid of Tesla securities in the amount of $ 657 million, which is a record indicator from the beginning of 2019. Over the past four months, they have sold the assets of Ilona Mask worth $ 1.8 billion.
This year, citizens of South Korea invested in the cryptocurrency enterprises presented in the American stock market for over $ 12 billion. This means that the country’s residents prefer representatives of the digital asset industry and come true with Tesla securities.
The reason for this trend lies in a negative trend observed on the market of shares of the manufacturer of electric vehicles, which have fallen off by 14.41% since the beginning of the year. The assets of many crypto -films during the same time have risen significantly against the backdrop of the growth of virtual currencies from dozens of leading coins in terms of capitalization.
For example, Bitmine Immersion Technologies, which became the Ethereum-treasury organization, was 432%added from January 1. In this regard, the Koreans, who invested $ 253 million in this company, earned well, unlike poor fellows who did not part with Tesla shares.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
